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TechCabal Daily – What it s like selling insurance in Africa

Selling Insurance in Africa “Why pay for it when it might not happen?” “God forbid.” “It’s not my portion.” WThese are typical reactions to getting insurance in Africa. So why do people respond this way? Culture: Insurance should be bought for its value but many Africans buy insurance only to avoid being penalised. And in cases where there’s no penalty - in Ghana, for example - funeral insurance is more prevalent because of the importance attached to deaths. Affordability: In Africa where everything is competing for food, it’s easy to see why getting insurance is seen as an afterthought. Some even admit that if not for healthcare coverage from their employers, they wouldn’t bother.

Cars seeking comprehensive cover must have trackers - IRA

The Insurance Regulatory Authority (IRA) has decreed that effective January 2021, all cars seeking comprehensive insurance must have a pre-installed tracking systems.  The directive, IRA said, follows an increase in car thefts that has seen insurer record a sharp increase in motor vehicle-related claims.   “… the Authority [IRA] hereby directs all non-life insurers to ensure that with effect from January 1, 2021, all motor comprehensive policies renewed [or] issued must be for motor vehicles which are fitted with anti-theft car tracking systems [or] gadgets.  The cost of installation of the car tracking systems is to be borne by the policyholder,” a notice signed by Ibrahim Lubega Kaddunabbi, the IRA chief executive officer, reads in part.

Uber Eats, Menulog prices could rise due to NSW government scheme

Uber Eats, Menulog prices could rise due to NSW government scheme
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